Whole Network Most Recent TOP10 Entrepreneurship How-to Tools

 

Bootstrapping and the serial entrepreneur

Filed in archive Bootstrapper Tips by Shawn Hessinger on November 06, 2007

Bootstrapping and the serial entrepreneur

Why could bootstrapping be an easier approach for the person seeking to start multiple companies or become a serial entrepreneur?

Here are some thoughts:
• Bootstrapping helps you start your company free from debt
• As a result companies with positive cash flow will have a shorter time to profitability
• No encumbrances of debt will make it easier to start a second company (more cash flow, less debt service)
• Additional businesses, like the first, will need less investment using the bootstrapping approach
• Lack of needed upfront investment means less chance of financial over extension with the only added cost being time
• Positive cash flow from an initial bootstrapped startup provides debt free financing for additional businesses.

Have some other points to add? Leave me a comment.


Advertisement


Permalink: Bootstrapping and the serial entrepreneur
Tags: bootstrap  business  startup  entrepreneur  tips  advice  company  investment  money  success  bootstrapping  s 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/100756



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
Advertisement -
Book yours here..


 
Advertisement
Book yours here.



  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..
TierOneAds






Advertisement - Book yours here..
 
Tagcloud: Bootstrap Interviews bootstrap music Bootstrapper News Bootstrapper Profile Bootstrapper Resources Bootstrapper Tips Bootstrapping Opportunities Bootstrapping Thoughts Bootstrapping Trends Entrepreneurship equipment exchange Events How-to Just For Fun Philosophy services Sponsored Post Tools